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20121027
20121104
Search Results 0 to 31 of about 32 (some duplicates have been removed)
this weekend are forecast to be close to freezing. the official count from the department of energy had 3.6 million customers across 11 states still without power. getting around in affected areas remains a challenge. the new york subway system remains shut down in lower manhattan. commuter rail systems in the new york suburbs are on limited service, as are new york's three large airports. >> tom: energy also remains a concern. late today the department of energy announced it will release emergency heating oil supplies to relieve a supply crunch due to sandy. meantime, many gasoline stations in the new york-new jersey area have closed because they have run out of gas or don't have electricity to get it out of the pump. erika miller reports >> reporter: six hours. that's how long drivers had to wait to fill up at this manhattan station. >> i got here at 6:00 am. >> reporter: the line stretched over 30 city blocks, but at least drivers could get gas. it's estimated that at least half of all stations in the metropolitan area are closed. in mount olive new jersey, some tried making the best
. >> tom: that's in petroleum energy. you also like utility energy, xcel energy, based in the land of 10,000 lakes in minnesota classic, isn't it hre? >> that's ri ht. it's at. classic dividend. the dividend return is over 4%. it operates in the upper midwest, t good regulatoryod bo. so far they seem to be having a rather straightforward relationship with the regulators, and their economy is doing pretty well. >> tom: that's always important with the regulated energy utility companies you also like dow chemical which got hit this week in part because of its competitor did you popt having a less-than-exprcted outlook and she also announced some job cuts. it's been trending lower. any concern here? >> i'm not truly concernect abot it. no, we reached a point where laying off people, erfortunatelying is what happens when you ach a slow-down in growth, and the dow is spread arou globally with mod etchemicals primarily. so if you think that the world is going to pick up a little of momentum here or there gradually, it's a good oneto buy when it's weak, and it certainly hasn't been too strong l
on everything from economic growth to energy prices. that and more tonight on "n.b.r."! as we go on the air tonight, hurricane sandy is ready to make landfall in the u.s., already it's an historic storm, with historic prparations. stock marketclosed. and coast lines evacuated with tens of millions of people sitting in the forecast path of the massive storm. sandy is a huge storm expected to come ashore in southern new jersey. but the hurricane force winds have been battering the eastern seaboard for hours. those winds extend out 175 miles from the center of the storm. those winds are pushing the atlantic ocean up and over many coast-lines. from rhode island, south to the jersey shore. coastal flooding is a significant risk thanks to the storm surge, potentially reaching 11 feet in new york harbor. battery park on the tip of manhattan is under a mandatory evacuation, as waves already have topped the sea wall. low lying areas are at substantial risk of flood waters, including the wall street area, especially if the worst of the surge hits during high tide tonight, at 9pm eastern time. that th
of nextera energy. >> susie: hurricane sandy has created an energy shock in the northeast, gas pumps aren't working, supplies are tight, and where there is fuel, there are long lines; reminiscent of the 1970's gas shortage. with two jor gasoline refineries in the northeast region still shut down, capacity is off 10%. and with spotty power,so especially in parts of new jersey, gas pumps don't work, so many gas stations are closed to drivers, and people looking tod fu their generators. >> tom: airli ts, trucking companies and railroads are all working to untangle the mess left in sandy's wake. bridges into manhattan are now open again, but not all the traffic tunnels have re-opened, and the subway remains closed.ck airports are re-opening but getting the northeast moving again faces a long road ahead. darren gersh reports. >> reporter: at sandy's peak, flooding covered the runways at new york's laguardia airport. as the waters recede, f.a.a. tenicians are repairing landing lights and navigational systems. and airlines hope ts y will be able to offer limited service at laguardia tomorrow. in
's biggest publicly traded energy company, exxon mobil, saw production fall to its lowest level in three years last quarter. still, earnings per share were stronger than anticipated, helped by profits doubling in its refining business. but production fell more than expected. the company explained part of the drop was due to moving drilling rigs from going after low price natural gas to higher margin oil. shares were up a fraction, rising a half a percent. volume was stronger than usual. the stock is up 20% in the past year. the biggest retailer was the iggest drag on the dow with the market trying to gauge sandy's impact on business at walmart. the stock fell 2.1%. 294 wal-mart facilities were closed at one point during hurricane sandy, thanks to mandatory evacuations, safety concerns, and power outages. after the close, the focus was on starbucks. consumers continue buying their coffee and lattes. earnings were 46 cents per share. that's a penny more than estimates. revenues and profit margins were up by double digits each. shares were up 1.6% during the regular ssion. they've been tren
utilities hit, consolidated edison, pepco, ppl and fit energy. travis miller covers them for morningstar. travis, how will these companies pay for the repair job they're facing ahead of them? >> there's no question that utilities are in for a huge bill from this. and really, the last two years they've been hit multiple times with large rep pair bills and outages. if you're looking for utilities that come from repair costs they have to make, and putteding up flyers to bring back the pow plant online, but also the lost revenue they have when utiltd customers are out of power and can't pay their bills because the system is out. >> tom: travis, do they have the operating cash flow to pay for these? are they going to have to borrow mony and issue bonds? >> >> we think the utilities, are plenty of cash. in the scheme of things, these are multibillion companies, and you're probably talking about uprds of a billion dollars, our estimate for the bill, and at least for new york and new jersey. >> tom: you think they're in good financial shape to be able to withstand that without having to tap into
Search Results 0 to 31 of about 32 (some duplicates have been removed)